Cascadia Investments, Inc. Receives Non-Objecting Beneficial Owners List
December 09 2010 - 8:15AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
its management has received a current Non-Objecting Beneficial
Owners list, known as a NOBO list, from Broadridge Investor
Communications. A NOBO list gives a more complete and comprehensive
shareholder profile than is available on the typical shareholder
list provided by a transfer agent. The NOBO list indicates that
49,279,059 shares are being held by shareholders including
institutions.
Cascadia's management also announced that it has received an
investors' report from the Depository Trust & Clearing
Corporation (DTCC). The Depository Trust & Clearing Corporation
is a principal central clearing agency for securities transactions
on the public markets. The report contains data regarding all
brokers and the amount of shares being held for investors and
indicates that 61,575,007 shares of Cascadia Investments, Inc. are
in brokerage accounts.
Management at Cascadia stated that this discrepancy may
represent a significant naked short position in the company's
publicly held stock. The company will consider all its available
options prior to implementing a strategy which could remedy this
discrepancy and reduce the short positions.
Cascadia Investments, Inc. is a publicly traded company
operating in the Pacific Northwest that focuses on developing
and/or acquiring cutting-edge Internet businesses. The company's
principal objective is to create equity and long-term earnings
growth through the acquisition and development of its social media,
gaming and other web based apps.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. All trademarks and
copyrights remain the property of their respective owners and no
association is express or implied.
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Cascadia Investments, Inc. Tel: 253-777-3507
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